Tariff clash with Canada could lift prices on everyday goods

The US has imposed 50% tariffs on about $20 billion of Canadian goods after failed negotiations, and Canada plans retaliatory duties starting Sept. 8. With American businesses facing options to halt imports, pay the tariffs, or switch suppliers, some costs will likely be passed through to consumers. Lookout items include paper products (parchment paper, kraftliner, plywood), alcoholic beverages, and dairy (milk, cheese, butter, whey), all of which US data show represent sizable imports from Canada. The broader energy-cost environment and potential escalation could mean higher prices for everyday goods if Ottawa retaliates.